Government Gridlock Grim, may become Grimmer

Investors were busy selling stocks on the heels of the government shutdown and in anticipation of a much more serious debt ceiling problem, causing the major indexes to fall around one percent. CNNMoney reports the Dow dropped -136.66 points, -0.90 percent, to close at 14,996.48. Meanwhile, the Nasdaq fell -1.07 percent, -40.68 points to end today’s trading at 3,774.34, while the S&P fell 0.90 percent, -15.21 points, to close at 1,678.66 The Yahoo! Finance Manufactured Housing Composite remained steady at 2061.4 for the third straight day. Several housing stocks we track in today’s trading closed down, some in three digits, although Nobility Homes nudged up +0.67 percent, +0.06, to end the day at 9.05. Louisiana Pacific Corp. moved down the most of stocks we follow, -3.38 percent, -0.61, to finish at 17.46. Affiliated Managers Group 185.98 +0.14 (+0.08%). Cavco Industries 56.00 -1.54 (-2.68%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 169,435 -2,065.00 (-1.21%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 46.72 +0.20 (+0.43%). Equity LifeStyle Properties 33.48 -0.92 (-2.67%). Liberty Homes remained unchanged at 0.60. Patrick Industries, Inc. 29.30 -0.60 (-2.00%). Skyline Corp. 4.90 -0.09 (-1.80%). Sun Communities, Inc. 42.78 -0.96 (-2.19%). Third Avenue Value Fund (Oct. 2) 55.47 +0.07 (+0.13%). UMH Properties, Inc. 9.93 -0.08 (-0.80%). Universal Forest Products, Inc. 41.03 -1.10 (-2.61%).

(Graphic credit: CNNMoney and RealTick)

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